Octadecanedioic Acid Market: Segmentation by Application, End User, and Region

Octadecanedioic Acid Market Introduction:

Octadecanedioic acid (ODDA), also known as 1,18-octadecanedioic acid, is a long-chain dicarboxylic acid with 18 carbon atoms. It belongs to a class of specialty chemicals known for their superior thermal stability, mechanical strength, and resistance to solvents. Derived both synthetically (from petrochemical sources) and via bio-based processes (such as yeast fermentation of plant oils), ODDA is primarily used in the production of high-performance polyamides, polyesters, and other specialty polymers. These materials find applications in diverse industries, including automotive, electronics, personal care, and medical devices, owing to their desirable structural and chemical properties.

Octadecanedioic Acid Market Overview:

The global octadecanedioic acid market is experiencing steady growth, driven by increasing demand for bio-based chemicals and specialty polymers. As environmental regulations tighten and sustainability becomes a central focus across industries, bio-derived ODDA is gaining attention as a more environmentally friendly alternative to traditional petroleum-based dicarboxylic acids. The market is moderately fragmented, with a few key global manufacturers and numerous regional players focusing on niche applications. The growth is further supported by increasing investments in research and development for advanced materials and eco-friendly production technologies.

Octadecanedioic Acid Market Size:

The Octadecanedioic Acid Market size is growing with a CAGR of 4.4% during the forecast period (2025-2032), and the market is projected to be valued at USD 12.55 Million by 2032 from USD 8.95 Million in 2024. Additionally, the market value for 2025 is attributed to USD 9.31 Million.

Octadecanedioic Acid Market Includes Drivers, Restraints & Opportunities

Drivers:

Rising Demand for Bio-Based Polymers: With a global shift toward sustainability, there is a growing demand for bio-based polymers and chemicals. ODDA, especially when derived from renewable feedstocks, aligns with the needs of green chemistry and sustainable material solutions.

Expanding Automotive and Electronics Sectors: High-performance polyamides made from ODDA are used in automotive components and electronic devices due to their heat resistance and mechanical strength, which drives demand in these industries.

Increased Use in Cosmetics and Personal Care: ODDA is used in the formulation of emollients, lubricants, and surfactants. The cosmetics industry’s shift toward natural and bio-based ingredients is fueling the growth of ODDA in this sector.

Technological Advancements: Continuous R&D in biotechnology and green chemistry is leading to cost-effective and efficient production of ODDA from renewable sources, enhancing its market viability.

Restraints:

• High Production Costs: Bio-based ODDA production, especially via fermentation, remains cost-intensive due to the complexity of the processes and the need for advanced fermentation facilities.

• Limited Awareness and Adoption: Despite its advantages, the use of ODDA is not yet widespread in many industrial segments due to limited awareness and a lack of established application frameworks.

• Raw Material Availability: The supply of natural oils and feedstocks for bio-based ODDA can be inconsistent and subject to agricultural fluctuations, impacting production volumes and costs.

• Competition from Alternative Materials: Cheaper and more readily available dicarboxylic acids such as adipic acid pose competitive threats to the growth of the ODDA market.

Opportunities:

• Sustainable Product Development: Growing environmental concerns are opening doors for bio-based ODDA in eco-friendly product lines, including biodegradable plastics and green coatings.

• Emerging Markets: Rapid industrialization and environmental consciousness in emerging economies such as India, Brazil, and Southeast Asia present untapped market opportunities.

• Medical and Pharmaceutical Applications: ODDA has potential applications in drug delivery systems, biocompatible materials, and medical-grade polymers, offering significant future growth prospects.

• Strategic Partnerships and Collaborations: Increased collaborations between chemical companies and biotech firms could reduce production costs and improve scalability of bio-based ODDA production.

Octadecanedioic Acid Market Competitive Landscape Analysis (Key Players)

Merck KGaA (Germany)

TCI (Japan)

Elevance Renewable Sciences, Inc. (U.S.)

chengdu Pukang Biological Technology Co., Ltd. (China)

Larodan AB (Sweden)

BLDpharm (China)

Iris Biotech GmbH (Germany)

Santa Cruz Biotechnology, Inc. (U.S.)

Octadecanedioic Acid Market Industry Segmentation:

By Application

• Plastics & Polymers

• Lubricants

• Cosmetic Formulations

• Coatings

• Adhesives & Sealants

• Pharmaceutical Formulations

• Others

By End User

• Automotive & Transportation

• Construction

• Cosmetics & Personal Care

• Pharmaceuticals

• Others

By Region

• Asia-Pacific

• Europe

• North America

• Latin America

• Middle East & Africa

Regional Analysis of the Octadecanedioic Acid Market:

• North America: The region is witnessing increasing demand for sustainable chemicals in automotive and healthcare sectors. The U.S. leads in R&D and adoption of bio-based ODDA.

• Europe: Strict environmental regulations and a strong focus on green chemistry are driving growth in countries like Germany, France, and the Netherlands.

• Asia-Pacific: China is the dominant market due to its massive industrial base and domestic production capabilities. Other countries like India and South Korea are emerging as promising markets due to increasing investments in specialty chemicals.

• Latin America: Slow but steady adoption of sustainable chemicals and increasing industrialization in Brazil and Argentina support market growth.

• Middle East & Africa: While relatively underdeveloped, there is potential growth driven by increasing investments in industrial manufacturing and infrastructure.

Octadecanedioic Acid Market Recent Developments:

Cathay Biotech’s IPO and Expansion Plans (2023–2024): Cathay Biotech successfully raised capital to expand its bio-based dicarboxylic acid production, including ODDA, with a new facility aimed at scaling up fermentation processes.

Verdezyne’s Advancements in Bio-production: Verdezyne has reported progress in commercializing bio-based ODDA, utilizing yeast fermentation of plant-based feedstocks.

Collaborations for Sustainable Polymers: Companies such as BASF and Evonik have entered into R&D partnerships with academic institutions to create high-performance, sustainable polymers using ODDA.

Regulatory Approvals for Cosmetic Use: ODDA derivatives have received approvals in several regions for use in cosmetics, paving the way for product diversification.

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